Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Jun. 20, 3:14 AM
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Slide #3. Sitel Group — Sykes Enterprises, Incorporated
Acquirer:
Sitel Group
Acquiree:
Sykes Enterprises, Incorporated (NASDAQ:SYKE)
Details:
Sitel Group, a leading global provider of customer experience (CX) products and solutions, today announced it has entered into a definitive agreement to acquire Sykes Enterprises, Incorporated ("SYKES") (NASDAQ: SYKE), a leading full life cycle provider of global customer experience management services, multichannel demand generation and digital transformation. Under the terms of the agreement, a subsidiary of Sitel Group will acquire all outstanding shares of SYKES common stock in an all-cash transaction valued at approximately $2.2 billion.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 77th percentile
(ranked higher than approx. 77% of all stocks covered)
Analysts' Target Price: SYKE Stock Forecast Based on Zacks ABR data; powered by Xignite |
